Renovated Office
1165 Cedar Shoals Drive, Athens, GA 30605
For Sale
$775,000
Commercial Sale, Athens, GA
Property Size3,224 SF
Lot Size0.59 Acres
Price / SF$240.38
Days on Market127
Property Features for 1165 Cedar Shoals Drive
General Information
Property type
Property subtype
Zoning
Parking
Appliances
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Athens Real Estate Associates, Inc.
(706) 850-6064
Listed By:
Michelle Farmer · License GA #303057
(706) 614-6947
Added: Jul 9
Changed: Nov 2
Last Checked: Nov 12 at 7:06PM
MLS# CL360366
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated office building contains 3,224 square feet on a 0.59-acre parcel. Built in 1985, it has brick construction, vinyl flooring, central electric heating and air conditioning, and a composition roof. The property is zoned C-O and includes parking for employees and visitors.
Public water and sewer serve the site. The space is presented for either business occupancy or commercial income use.
Public water and sewer serve the site. The space is presented for either business occupancy or commercial income use.
Key Highlights
- 3,224‑square‑foot office building on a 0.59‑acre parcel
- Renovated office interior with vinyl flooring
- C‑O zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,731
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,620
$834.6K
Cap Rate 7%
$596,157
$596.2K
Cap Rate 9%
$463,678
$463.7K
Market Conditions
NOI Build-Up for 3,224 SF
Gross rent
$69.6K $21.60/SF
− Vacancy
−$14.0K −$4.34/SF
EGI
$55.6K $17.26/SF
− OpEx
−$13.9K −$4.31/SF
NOI
$41.7K $12.94/SF
Area
Athens, GA
Vacancy
20.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,620
Cap Rate 7%
$596,157
Cap Rate 9%
$463,678
Alternative Uses
Best Use
Office B
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.2K
$680.1K – $906.8K
NOI $54,405 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
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Business Placement
Demographics for 30605, GA
43,205
Population
18,387
Households
2.3
Avg Household Size
28
Median Age
53%
College-Educated
91%
High-School Grad
38.2 sq mi
ZIP Area
1,131
Density / Sq Mi
$48,188
Median Household Income
$24,933
Median Earnings
$1,104
Median Rent
$279,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Clarke County, GA
Properties on Market for Office buildings in Clarke County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Central heating and air conditioning serve the updated professional interior.
Where is this office building located?
The property is located at 1165 Cedar Shoals Drive Athens, GA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,224‑square‑foot office building on a 0.59‑acre parcel; Renovated office interior with vinyl flooring; C‑O zoning
